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Coinbase Q1 revenue miss. Stock falls amid AI layoffs

DeFi Daily News by DeFi Daily News
May 7, 2026
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#coinbase #earnings #yahoofinance
Coinbase Global (COIN) stock moves lower in Thursday extended hours after the cryptocurrency exchange released first quarter revenue of $1.4 billion that fell below Wall Street estimates of $1.49 billion. This comes after Coinbase announced a 14% reduction in its workforce this week as it pivots to AI.

Yahoo Finance Senior Markets Reporter Ines Ferré takes a closer look at Coinbase’s earnings release.

Chapters
00:00
07:40 Coinbase Q1 Earnings

#stockmarket
#LiveTrading #TradingLive #StockMarketLive #Stocks #StocksToday #SP500 #FinancialNews #StockMarketNews #BusinessNews #WallStreet #Fed #Nasdaq #Inflation
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Tags: business newscoinbaseEconomyFallsfinance newsfinancial newslayoffsRevenueStockStock marketStock market newsYahoo Finance
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